Commonwealth Consolidated Acts

EXPORT FINANCE AND INSURANCE CORPORATION ACT 1991 - SECT 10

  (1)   Where the Minister is satisfied that, during a particular period, EFIC has suffered financial detriment as a result of complying with a direction under section   9, EFIC is entitled to be reimbursed by the Commonwealth the amount of the detriment as determined in writing by the Minister.

  (2)   The reference in subsection   (1) to EFIC suffering financial detriment as a result of complying with a direction includes a reference to EFIC:

  (a)   suffering a loss in complying with the direction; or

  (b)   incurring costs in complying with the direction that EFIC would not otherwise have incurred; or

  (c)   incurring costs in complying with the direction that are greater than the costs EFIC would otherwise have incurred; or

  (d)   in complying with the direction, forgoing revenue that EFIC could otherwise have received.

  (3)   This section does not apply to a direction expressed to be given in accordance with the general policy of the Commonwealth Government.